News
Hong Kong central bank warns against unauthorized finance firm
Hong Kong central bank warns against unauthorized finance firm
The firm reportedly does not have authorization to take deposits.
Diffusion index down to 41.9 in November
Business receipts DI fell for business services, restaurants, and retail trade.
Gov't unveils roadmap for sustainability disclosure in Hong Kong
It mandates compliance with the ISSB standards for public entities by 2028.
Gov’t to subsidise procurement of 3,600 EVs
It will also provide at least 500 fast chargers throughout HK by the end of 2027.
Hong Kong construction output up 4.8% YoY in Q3
Public sector construction increased 29.8% to $30.4b nominally.
Philippines' Kho family sets up office in Hong Kong
This initiative aims to attract increased international capital inflows.
Hang Seng Index poised for recovery in 2025
It is seen to rebound to 23,200 points.
7 in 10 job seekers in HK, SEA open to remote work for foreign employers
Amongst talent, 55% cite the inability to relocate with family members as the top barrier to moving abroad for work.
Uncertainty looms over HK's economy amidst geopolitical tensions, anticipated Trump policies
Lower domestic interest will be positive for private consumption and investments.
Gov’t penalises company and director $60,000 for labor law violation
This was on top of the $34,000 to be paid to the employee concerned.
BEA saves 553,000 hours in processing time with UiPath
The bank has 77 attended automations as of December 2024.
Business receipts value up YoY in Q3 2024
A double-digit increase was recorded in transportation, financing, and insurance.
HK Express, AXA offer parametric delay benefit
If a flight is delayed by 90 minutes or more, passengers can claim a worldwide lounge pass.
HKMA adds new spatial dataset via Open API
It includes details on five types of self-service banking machines of 20 retail banks.
Residential prices inch up by 0.6% MoM in November
Overall residential market sentiment improved in Q4.
New bill adjusts exemption criteria for private columbaria licence
It will allow ‘pre-cut-off columbaria’ to continue operation and avert ash disposal.
HKRITA creates new lab for sustainable development of textiles
The 20,000-sq. ft. R&D space aims to showcase innovative solutions.
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